Purchase price: $189,000 Cash invested: $15,000 Welcome to the crown jewel of Center City, Philadelphia—a standout property in my investment portfolio that perfectly combines elegance, location, and profitability.

Here's some real examples (with changed names / locations of the posters) to illustrate my point:"Oh, I lived there 10 years ago" - Fred in Topeka;   yup, irrelevant to the current real estate market."

Whether you’re a developer, investor, or entrepreneur, if you have a vision for tapping into the growth and energy of this location, let’s talk.

5) How much revenue are the top 3-5 places similar to yours doing in the area, and could you beat them with amenities, design, location, etc?

Norfolk is pretty loose on regulations, but fewer areas are desirable, and Virginia Beach has very specific locations that can be STR (Sandbridge and The Resort District).

Depending on the property location and what amenities/resources are nearby, it could be a good option for an MTR situation as you are contemplating. 

A 1031 has a definitive time frame and you may not be able to find another property that meets your criteria in that time frame depending on location. 

We live in a very intersting, diverse, and complicated market and understanding the intricacies is very important - especially for a new investor.Markets in the same zip code even have their own submarket and tendancies depending on location and its important to look at things hyperlocally in philly.

Your location may also play a factor in this.

Small lots in a prime location?